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Deductions & credits
Understand. Yes I entered total sum of Traditional IRA balance as of 12/31/2021. Also I entered backdoor IRA non-deductible values as suggested in above links.. But I dont see any increase in taxable income or Federal/State Tax refund/owe.. Do you think am I missing anything here?
Regarding to keep "Your traditional IRA has a value of $0 at the end of the year", is it possible if we have bulk amounts in Trad IRA as I may be taxed if I plan to convert all before backdoor Roth?
Any suggestins? Appreciate your time for the reply and assist..Thanks
March 2, 2022
4:20 PM